Petey Pablo may need another helping hand from Terrence Howard, the North Carolina rapper’s income may have slipped in the red. According to reports Petey has filed for bankruptcy claiming his assets are only worth $50,000
Bossip spills the tea;
Pablo – real name Moses Barrett – has assets in the $0-$50,000 range and liabilities in the same ballpark. The rapper has not filed the exact debts and assets in the case but his creditors include the IRS, Planet Fitness, Enterprise, Ford Motor Credit, law firms & others. The new case is the third time the rapper has filed for bankruptcy since 2009. The previous cases were dismissed due to Petey failing to pay on his re-payment plan to creditors, leaving the rapper on the hook for his massive debts.